Atlantic Union Bankshares (AUB) investor relations material

Franchise and strategy

• Assets $38.4B, loans $29.3B, deposits $31.0B, assets under management $16.6B and market capitalization $5.3B; 180 branches across Virginia, North Carolina and Maryland.

• Seven additional North Carolina branches are planned; deposit and branch data place the franchise in three states with growth opportunities across Virginia, Maryland and North Carolina.

• Priorities include executing the Sandy Spring acquisition, building capabilities to scale, deepening customer relationships, and using technology to support growth and efficiency.

• Strategic focus shifts toward organic growth and capital generation; whole-bank acquisitions are deprioritized under the current plan.

• 2021–September 2026 balance-sheet CAGRs: loans 18%, deposits 14% and assets 15%.

Q3 2026 performance

• Average loan growth was 9.6% annualized; period-end quarterly loan growth was 8.6% annualized from Q2. Average deposit growth was 1.5% annualized; period-end quarterly growth was 6.5%.

• Adjusted operating ROTCE 19.85%, ROA 1.45%, FTE efficiency ratio 48.14% and diluted EPS $0.96.

• Annualized net charge-offs were 3 bps of average loans held for investment; ACL was 1.14% of loans and nonperforming assets were 0.37%.

• Lending pipelines remained healthy and the macro environment was described as resilient; focus included positive operating leverage and organic expansion in North Carolina.

Financial outlook and targets

• FY 2026 outlook: loans $29.0B–$30.0B and deposits $31.0B–$32.0B; loan growth guidance was at the lower end of high single-digit YoY growth and deposit growth in the low single digits.

• FY 2026 credit outlook: ACL-to-loans ~115–120 bps and net charge-off ratio <5 bps, with NCO guidance reduced from 5–10 bps.

• FY 2026 NII (FTE) ~$1.32B–$1.33B and NIM (FTE) ~3.90%–3.95%; adjusted noninterest income ~$220M–$230M and expense ~$742M–$752M.

• Medium-term 2026–2027 targets: ROTCE 19%–20%, ROA 1.4%–1.5% and FTE efficiency ratio 46%–48%; targets were expected to be achieved in 2026.

• Key assumptions included a 25-bp Fed funds rate increase in December 2026, stable term rates, moderate GDP growth, a stable footprint economy and continued Q4 common stock repurchases.